Sun Life U.S. expands critical illness coverage to include family planning services
Rhea-AI Summary
Sun Life U.S. has expanded its critical illness (CI) coverage to include family planning care, behavioral health, and a broader range of health conditions. This expansion aligns with the company's commitment to helping people access necessary care and coverage. The new Family Care benefit covers treatments like in vitro fertilization, adoption, and medical issues related to childbirth. Additionally, Sun Life has introduced a Mental Health benefit that includes access to AbleTo SelfCare and a Health Navigator Help Line.
The expansion builds on earlier additions such as COVID-19 coverage and virtual behavioral health for cancer patients. Sun Life's supplemental health coverages also provide a wellness benefit to encourage preventive screenings. This move reflects the evolving needs of today's workforce and the increasing importance of specialized benefits in employee job considerations.
Positive
- Expansion of critical illness coverage to include family planning and mental health services
- Introduction of Family Care benefit covering fertility treatments and adoption
- Addition of Mental Health benefit with access to virtual wellness tools and personal care advisors
- Inclusion of wellness benefits to encourage preventive screenings
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, SLF declined 2.18%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
"Family planning issues can include complex health concerns that affect a broad range of workers and their families," said David Healy, president of Group Benefits, Sun Life
In today's workplace, access to fertility benefits are emerging as a key benefit consideration among employees planning a family. Sun Life's Family Care benefit covers typical treatments, such as invitro fertilization, as well as alternative approaches like adoption. The benefit also covers medical issues related to childbirth, including complications during pregnancy and newborn complications.
"Critical illness coverage should grow with the evolving needs of today's workforce," said Bryan Burke, assistant vice president, Product Management and Development, Sun Life
With mental health concerns more prevalent in the
This latest expansion of its CI coverage builds on Sun Life's earlier additions, which include COVID-19 (added in 2021) and virtual behavioral health for those diagnosed with cancer. Sun Life supplemental health coverages also provide a wellness benefit to encourage people to get screenings that can help them detect health conditions earlier and get the care they need to achieve better health outcomes.
For more information about Sun Life critical illness and other supplemental health benefits, visit www.sunlife.com/us/en/employers/products-and-services/supplemental-health/.
About Sun Life
Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in a number of markets worldwide, including
Sun Life Financial Inc. trades on the
Sun Life
Media contacts
Devon Fernald
Sun Life
Devon.Portney.Fernald@sunlife.com
781-800-3609
Anjie Coplin
Sun Life
Anjie.Coplin@sunlife.com
214-549-1553
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SOURCE Sun Life